Update 3rd of May 2007
---------------------------------------------------------------Well, another day has passed, and i am damn tired. I started off quite poorly, loosing a few pips flipping between Long and Short on the Pound. I've chickened out of my short on GBP/USD 1.9912 which i decided to enter after the US non-farm hit. What a great trade that could have been... ahhhhh
I was actually having my lunch and because of that missed the actual release time, perhaprs if i shorted earlier i would have had the guts to stick with the trade.
After this fiasco of an exit i just could not get myself to short the pound, not for a position trade anyway, so i ended up scalping a few pips here and there. I even treded GBP/JPY, 2 scalps, 20 pip profit or so.
In the end of the day i'm up 50 pips or so... great day after all, but after 20-25 trades i feel like a wreck, both physically and emotionally.
Tomorrow is the NFP, really looking forward for some after spike trades. I might up the stakes and trade larger positions, lately i've been doing really well of after-news trades. We shall see...
Until then... chao bombino
---------------------------------------------------------------
---------------------------------------------------------------Well, another day has passed, and i am damn tired. I started off quite poorly, loosing a few pips flipping between Long and Short on the Pound. I've chickened out of my short on GBP/USD 1.9912 which i decided to enter after the US non-farm hit. What a great trade that could have been... ahhhhh
I was actually having my lunch and because of that missed the actual release time, perhaprs if i shorted earlier i would have had the guts to stick with the trade.
After this fiasco of an exit i just could not get myself to short the pound, not for a position trade anyway, so i ended up scalping a few pips here and there. I even treded GBP/JPY, 2 scalps, 20 pip profit or so.
In the end of the day i'm up 50 pips or so... great day after all, but after 20-25 trades i feel like a wreck, both physically and emotionally.
Tomorrow is the NFP, really looking forward for some after spike trades. I might up the stakes and trade larger positions, lately i've been doing really well of after-news trades. We shall see...
Until then... chao bombino
---------------------------------------------------------------